Morgan Stanley to price buffered PLUS due 2024 linked to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 16 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 129% of any index gain.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses of the index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Jan. 31.

The Cusip number is 61768W814.

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